EURUSD Ascending Wedge Short

13 May 2020

Simple

14 May 2020

Not

Expect the solid trend line to give pretty soon here. Once that break's we're expecting a retest followed by another breakdown. The dotted horizontal line is what i'm targeting in this short.

15 May 2020

Not

So we retested the H4 beautifully. Unfortunately I took a risk and got trapped at the bottom. Like I said, this recent retest was expected, just not anticipated. SO, furthermore, I would LIKE to see price action play out like this into Monday. I'm not sure if it does work out like this, but it would make for a great entry come Monday.